Alkermes plc has increased its offer to acquire Avadel Pharmaceuticals plc, matching the $21.00 per share cash consideration proposed in a competing bid from Lundbeck. According to Alkermes, the revised terms include a contingent value right $(CVR)$ that is considered superior to that offered in the Lundbeck proposal, which Avadel's board determined was unlikely to be achieved. Following a review with its advisors, Avadel's board concluded that the Alkermes offer is now more favorable than the Lundbeck proposal. Financial and legal advisors for both companies are involved in advancing the transaction, with J.P. Morgan providing fully committed financing to Alkermes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alkermes plc published the original content used to generate this news brief via PR Newswire (Ref. ID: NE28443) on November 19, 2025, and is solely responsible for the information contained therein.
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